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Singapore 2013 Wealth Book

Singapore HNWI market: $857 billion collective wealth during 2012


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2014-01-22 10:23:01 - Singapore 2013 Wealth Book - a new market research report on companiesandmarkets.com

There were just over 183,000 HNWIs in Singapore in 2012. These HNWIs collectively held US$857 billion in wealth, which equated to 85.7% of the total individual wealth held in the country. Singaporean HNWIs outperformed the global average during the review period - worldwide HNWI volumes decreased by 0.3% while Singapore HNWI numbers increased almost by 100%.In 2012, Singapore HNWI numbers rose by 21.7%, following an increase of 4.2% in 2011.There were 3,867 UHNWIs in Singapore in 2012, with an average wealth of US$86 million per person, making them a prime target group for wealth sector professionals. Of this total, there were 14 billionaires, 947 centimillionaires and 2,906 affluent millionaires in 2012.During the review period, the number of Singaporean HNWIs who

 

 

acquired their wealth through the financial services industry grew by 163% - more than any other major sector.

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